By John Noonan — Dec 27 - 05:10 PM
AUD/USD opens flat after falling from 2-week high at 0.6775
Move up was due to China easing Covid restrictions nL8N33H034
Gains erased as China news faded and sovereign yields surged higher nL1N33H0YDnL1N33H0AG
AUD/USD resistance is at the 61.8 of the recent 0.6893/0.6629 fall at 0.6792
Support is at the 10-day MA at 0.6718 and Monday's 0.6679 low
Liquidity will improve slightly as Australia returns from holiday
Key in Asia will be AUD/JPY flows and moves in Asian equity markets
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Source:
Refinitiv IFR Research/Market Commentary